Levin Sees Slim Chance of Tax Reform

Rep. Sandy Levin (D., Mich) talks with WSJ's David Wessel about the prospects of Washington getting a deal done on tax reform.

This transcript has been automatically generated and may not be 100% accurate.

I ... it's their snowballs chance in hell are you in it can't Max Baucus and Grassley ... can get a corporate tax reform done ... between now and in twenty fourteen or not ... a snowball ... the biggest snowball ... I think there remains to be seen ... I think there is just now ... but to um ... the news in hell ... sometimes it's close to it ... write to him ... the issue heated up ... so what's the scenario by which something actually happens on tax reform ... no I was talking to these two ... people yesterday ... who were involved in a huge cash ... I did try to be on the Canadian worse in the area ... he came in the next year ... and I'd try to sit in I did when I came to the inner sanctum is to invest cash ... when I was there for some of the discussions ... on ... can we were talking about what was key to tax reform ... in ABC ... and I think there are major differences ... between then and now ... for sample this subject matters are more complicated ... here are larger ... I was looking into how much worse than dead ... in terms of taxes in eighty six Henry surprise than that ... corporate training camp each was two hundred and twenty billion to hear ... one more taxes one was to ... but ... in which a major undertaking and I think the key was ... the recent tripartite effort ... the White House ... and the House and Senate both parties ... read deeply in hall ... and I think that's the key to success here ... and it does point to it were noted on their I don't think is can work ... if the deal was cargo ... in the house or Senate ... so a lot of bipartisan effort into these ... in an effort to tackle the ... difficult issues ... bright ... early ... so I think the key least one of the keys to success ... will be Kim we ... have that kind of a bipartisan ... can you tripartite have for ... now because if you simply leave that ... each party roadshows Rubio ... fleet of involvement in the way how she can without the involvement of ... easing of both parties ... in each house ... I think depression the price fixing him